The supply chain industry consists of several non-trusting parties interact-ing with each other, exchanging a humongous amount of information through documents. The application of Blockchain to the supply chain industry promises a huge benefit in terms of streamlining of operations, speedy and efficient processes, and elimination of time, effort- and money-consuming paperwork.
Blockchain can enable direct interaction among various parties in a supply chain, establishing program-driven trust and eliminating intermediaries. One example could be the tracking of refrigerated goods by recording the temperature across the value chain with the help of IoT devices. Further, the movement of goods from the manufacturer to the end consumer, along with the various parameters associated with the goods, can be tracked on a live basis with IoT sensors and devices tagged to the goods. This will further help in the elimination of fake products as their ownership can be traced.
In the pharmaceutical industry, it would be possible to track the movement of a medicine strip across the value chain - from the manufacturer to the last distribution point-proving the source, and differentiating it from a fake.
Similarly, in agriculture, produce can be tracked from farm to fork, and IoT technology can be used to monitor storage conditions like temperature to ensure it is not spoilt along the way. IBM & Maersk led consortium Travelens, Walmart Led consortium Food Trust and Samsung & port of Rotterdam consortium Deliver have made substantial progress in the recent past to create a cross border, multi-party Blockchain systems in the Supply Chain and Logistics domain.
Blockchain in Manufacturing
Diese Geschichte stammt aus der April - May 2020-Ausgabe von ET Polymers.
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Diese Geschichte stammt aus der April - May 2020-Ausgabe von ET Polymers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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